Identification
- Label (rdfs)
- Right of First Refusal Agreement
- Preferred Label
- None
- Alternative Labels
- First Refusal Agreement, Pre-emption Agreement, ROFR, ROFR Agreement
- Identifier
- N/A
Definition and Examples
- Definition
- The Right of First Refusal and Co-Sale Agreement typically outlines the terms for the sale of an issuer's Preferred Stock to investors and defines obligations of certain, specified stockholders. It typically includes provisions for the Company's right of first refusal on transferable stock from specified stockholders, secondary purchase rights for stockholders, and specific notification timelines and conditions for stock transfers.